“The acquisition of Montaudon enables us to complete our portfolio,” said Christophe Navarre, chairman of Moët Hennessy, LVMH’s wines and spirits division. “This corresponds with Moët Hennessy’s strategy to strengthen its worldwide leadership in the luxury wines and spirits sector.”

LVMH has continued to solidify its brand portfolio despite the economic crisis. Earlier this year, the group, headed by French billionaire Bernard Arnault, purchased the luxury watch brand Hublot, as well as yacht builder Royal van Lent.